'I-T dept seizes Rs 137 cr from Sahara'

Income tax authorities
have seized Rs 137 crore in cash in the two-day raids carried out on the
premises of the Sahara Group in Delhi and Noida, sources in the
department said - Photogallery

Income tax authorities
have seized Rs 137 crore in cash in the two-day raids carried out on the
premises of the Sahara Group in Delhi and Noida, sources in the
department said. It's the biggest cash seizure in a single case. (BCCL)

Income tax authorities
have seized Rs 137 crore in cash in the two-day raids carried out on the
premises of the Sahara Group in Delhi and... Read More

Income tax authorities
have seized Rs 137 crore in cash in the two-day raids carried out on the
premises of the Sahara Group in Delhi and Noida, sources in the
department said. It's the biggest cash seizure in a single case. (BCCL)Read Less

Sources said the money was
recovered from the company's guesthouse in Delhi and office premises in
Noida - Photogallery

Sources said the money was
recovered from the company's guesthouse in Delhi and office premises in
Noida. The money was kept in boxes in a room and it took 36 hours for
the officials to complete counting the cash. "The counting machines
broke down while the counting was on," the official added. (BCCL)

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Subrata Roy

Subrata Roy

Sources said the money was
recovered from the company's guesthouse in Delhi and office premises in
Noida. The money was kept in boxes in ... Read More

Sources said the money was
recovered from the company's guesthouse in Delhi and office premises in
Noida. The money was kept in boxes in a room and it took 36 hours for
the officials to complete counting the cash. "The counting machines
broke down while the counting was on," the official added. (BCCL)Read Less

The Sahara Group had on
Saturday issued a statement saying it failed to understand why raids
were conducted and that some money found by the I-T department was
legitimate company funds which were accounted for - Photogallery

The Sahara Group had on
Saturday issued a statement saying it failed to understand why raids
were conducted and that some money found by the I-T department was
legitimate company funds which were accounted for. "Since last one year,
we are facing complete embargo on our properties and for 20 months all
our accounts were frozen and the entire amount from the frozen accounts
have been paid to Sebi," Sahara had said in a statement. (BCCL)

The Sahara Group had on
Saturday issued a statement saying it failed to understand why raids
were conducted and that some money found by ... Read More

The Sahara Group had on
Saturday issued a statement saying it failed to understand why raids
were conducted and that some money found by the I-T department was
legitimate company funds which were accounted for. "Since last one year,
we are facing complete embargo on our properties and for 20 months all
our accounts were frozen and the entire amount from the frozen accounts
have been paid to Sebi," Sahara had said in a statement. (BCCL)Read Less

"Under
such circumstances, we are tightly managing the affairs of our big
organization and hence some legitimate cash is kept at various points
for different kinds of requirements and emergencies," the company had
said - Photogallery

"Under
such circumstances, we are tightly managing the affairs of our big
organization and hence some legitimate cash is kept at various points
for different kinds of requirements and emergencies," the company had
said. Sahara chief Subrata Roy has been lodged in Tihar Jail
for around eight months after the company failed to raise the Rs 10,000
crore required to secure his bail. (BCCL)

"Under
such circumstances, we are tightly managing the affairs of our big
organization and hence some legitimate cash is kept at various ... Read More

"Under
such circumstances, we are tightly managing the affairs of our big
organization and hence some legitimate cash is kept at various points
for different kinds of requirements and emergencies," the company had
said. Sahara chief Subrata Roy has been lodged in Tihar Jail
for around eight months after the company failed to raise the Rs 10,000
crore required to secure his bail. (BCCL)Read Less